Shares of IndiGo continue to remain in focus on Friday, December 12, ahead of the company's CEO meeting regulators and a writ petition being filed against the airline in the High Court.

Brokerage firm UBS has laid out three scenarios for IndiGo's future prospects, while maintaining its "buy" recommendation on the stock and a price target of ₹6,350, which implies a potential upside of 31% from Thursday's closing.

"IndiGo's situation continues to evolve, with the regulator enforcing strict measures such as curtailing the winter schedules and deploying officers to IndiGo's offices," UBS said in its note.

Here's a look at the scenario analysis listed out by UBS for IndiGo's road ahead:

Bull Case Scenario

Under this scenario, UBS assumes that all the required pilots, which are close to 900

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